GA
Telesis and Tokyo Century Corporation announced today the launch of
a new technology engine financing initiative focusing on a select group
of new technology jet engines. GA Telesis has been an industry leading
engine lessor since its inception in 2002 and has consummated well over
1,000 engine transactions. The new joint initiative will enhance GA
Telesis’ current technology engine
leasing business by implementing a more competitive cost of capital
for longer-term and more structured transactions.

The target portfolio will consist of the following engine models:
General Electric GEnx, Rolls-Royce Trent 1000 and Trent XWB, Pratt &
Whitney GTF and CFM International LEAP engines. GA
Telesis and Tokyo Century are targeting the origination and closing
of $1 billion new-technology engine transactions over the next 24 months.

“This is an unprecedented time in the history of aviation where each engine
manufacturer is delivering a new technology engine simultaneously," said
Abdol Moabery, President & CEO of GA Telesis. “With over ten thousand
new-technology engines in the backlog, we are prepared to help our
airline customers by providing them a customized
financing solution to meet their needs,” he added.

“As a company that has built a global reputation for its leasing
products, the initiative will continue to define Tokyo Century
Corporation’s commitment to the aviation industry,” said Koichi
Nakajima, Deputy President, Director and Executive Officer of Tokyo
Century Corporation. We are very enthusiastic about the market’s demand
for leasing products such as this and we are committed to growing this,”
he added.

Tokyo Century Corporation is a highly specialized and unique financial
services company that pioneers new business fields combining finance,
services and business expertise, working alongside customers in pursuit
of their growth and goals. Through its four core businesses (Equipment
Leasing, Specialty Financing, Domestic Automobile Financing, and
International Business) Tokyo Century seeks to provide solutions that
help increase the corporate value of customers. The Company is a 20%
shareholder of GA Telesis.